Decline in oil prices, Russia and Iran affect the economy
Tehran … News Time
Iran will join the WTO this year. Russia’s joining the WTO has put Iran in the Iran certainly has joined the WTO. The Russian Minister of Industry and Trade Minister Alexei Chávez and Iran Mohammad Reza Zadeh favor a trade agreement signed between the two countries to enhance bilateral trade, business delegations to exchange information and to major investment projects the compromise was reached, the Memorandum of Russia in Euro Asia union leadership to establish contacts with Iran to cooperate while the proposed two-year period of implementation of the Memorandum. Iran has welcomed the support of Russia. Meanwhile, after the 2008 financial crisis, the decline in oil prices is likely to continue. 30 years before the events are repeated, resulting in default of Mexico had suffered the disintegration of the Soviet Union. At present, Russia proceeds from the sale of oil by using European Union and the United States cannot remove the effects of the economic sanctions. Saudi Arabia has rejected a request from Russia, which Russia says oil prices will not go further despite Russia Saudi Arabia once the application is refused. Russia plus Nigeria and Iran because of oil prices while facing serious difficulties Venezuela is facing a severe economic crisis. Oil-exporting countries to take effective measures for the economy did not mediate the channel; the oil prices long time to reduce the whole world will be dealing with political and social tragedy. Experts of the Russian economy are under pressure; its main source of revenue is oil, whose price has been steadily declining.
